Fairmont, York County, Nebraska Property Taxes
Median Fairmont, NE effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Fairmont, NE home value: $188,632
Median annual Fairmont, NE tax bill: $2,202, $198 lower than the national median property tax bill of $2,400.
How are property taxes in York County calculated?
Property taxes in Fairmont, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fairmont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairmont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairmont, York County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$2,207
$2,048
Property Tax Rates Across Fairmont, York County, Nebraska
Local government entities are responsible for setting property tax rates, which can differ greatly across regions. Each year, counties calculate their required budget to maintain services and divide it by the total assessed value of taxable property within their borders. This process determines the property tax rate for the area. Although votes and laws play a role in establishing these rates and budgets, this is the basic annual procedure.
In Fairmont, located in Fillmore County, Nebraska, the effective property tax rate offers an interesting comparison to other cities within Nebraska. While the median property tax rate in Nebraska is 1.83%, Fairmont's rate reflects the local government's budgetary needs and property assessments. When compared nationally, where the median property tax rate stands at 1.02%, Fairmont's rate provides insight into how local factors influence property taxes. Understanding these variations can help property owners make informed decisions about their investments and financial planning. Whether you're a homeowner or considering purchasing property in Fairmont, being aware of these tax dynamics is crucial for managing your expenses effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fairmont Tax Rate
1.17%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective York County Tax Rate
1.78%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairmont, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68354 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fairmont, York County, Nebraska
When examining property taxes in Fairmont, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The York County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In York County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fairmont.
For example, the median home price in Fairmont is $188,632, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Fairmont, York County, Nebraska
Source: Ownwell
$46,650
$102,701
$158,751
Median Fairmont Market Value
$188,632
Median York County Market Value
$120,076
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairmont, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68354 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fairmont, York County, Nebraska
In Fairmont, located in York County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $188,632, homeowners in Fairmont face a median property tax bill that aligns closely with the national median of $2,400. However, tax bills can vary widely, with the 25th percentile paying around $2,089 and the 90th percentile reaching up to $3,092. These variations depend on factors such as property size, location, and improvements made to the home.
High property taxes can be a financial burden for homeowners, but Ownwell's expertise in property tax appeals and exemptions can help reduce these costs. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in Fairmont in potentially lowering their tax bills, ensuring they only pay their fair share. This support can lead to significant savings and increased financial peace of mind.
Median Fairmont Tax Bill
$2,202
Median York County Tax Bill
$1,911
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairmont, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68354 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell